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Thursday, November 15, 2012

Nokia Corporation (NYSE:NOK) slips to seventh position in smartphone sales in third quarter

The slide has come in fast in the space of less than a
year. Nokia Corporation (ADR)(NYSE:NOK), once the top mobile phones maker in
the world, has slipped down to the seventh position in the global smartphone
market, according to research firm Gartner.

Is Lumia A Real Turnaround Formula For NOK and
Investors Should The Stock Now? Find Out Here

Nokia's share slipped to 19.2 percent from 23.9
percent, while Samsung took the top spot with 22.9 percent of all handsets sold
world-wide, up from 18.7 percent a year earlier, thanks largely to demand for
its Galaxy smartphones, Gartner said.

Apple was the third-biggest vendor in the wider
mobile-device market, as its market share increased to 5.5 percent from 3.9
percent, it added.

The Finnish handset maker sold 7.2 million
smartphones, just 4.3 percent of the 169.2 million smartphones sold globally in
the third quarter, taking it down to the seventh position from third place in
the June quarter.

Global sales of smartphones, which now account for
about 40 percent of the total mobile-phone industry, soared 46.9 percent in the
third quarter from a year earlier, Gartner said.

Apple with its iPhones and Samsung with its Galaxy
range of smartphones were the leaders in the smartphone segment with a combined
market share of 46.5 percent, Gartner said.

Nokia has been overtaken by companies such as HTC and
Research in Motion.

According to Gartner, Nokia current position at almost
bottom of the heap was due to its inability to innovate and keep up with its
rivals.

Google Inc.'s open Android platform remained the
dominant operating system for smartphones, as its market share rose to 72.4
percent from 52.5 percent a year earlier, Gartner said.